NIM12027 - Class 1: Calculating Class 1 NICs for Directors: Annual earnings period: Examples
Regulation 8 Social Security (Contributions) Regulations 2001
The examples are to illustrate the principle of applying an annual earnings period.鈥� NIM12028鈥赌撯赌�狈滨惭12031鈥�relate to 2025 to 2026 and do not include any employments that attract an employer NICs relief听
听
The 2025 to 2026 rates and limits used are:听
| Rates and Limits | Weekly Amount |
Annual Amount |
|---|---|---|
Lower Earnings Limit (LEL) |
拢125 | 拢6,500 |
Upper Earnings Limit (UEL) |
拢967听 | 拢50,270 |
Secondary Threshold (ST)听 |
拢96 | 拢5,000 |
Primary Threshold (PT)听 |
拢242 | 拢12,570 |
Primary Main Rate |
8% |
|
| Additional Rate | 2% |
|
Secondary Rate |
15%听 |
Unless otherwise stated, the director has been in post at the beginning of the year.